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NetBackup Software and Appliance Grow in Fiscal 1Q16

Symantec's 1Q16 Results Fail to Cheer Investors

(Continued from Prior Part)

NetBackup software and appliance continued to grow in 1Q16

In the last part of the series, we discussed Symantec’s (SYMC) Information Management—Veritas—performance in fiscal 1Q16. This segment finally attracted a buyer in The Carlyle Group for $8 billion on August 11, 2015. Symantec bought it in 2005 for $13 billion. We also saw that although NetBackup software appliances grew by 10% and 19%, Information Management failed to post growth...


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